Pak-IMF talks en­ter con­clu­sive stage

The Pak Banker - - FRONT PAGE -

IS­LAM­ABAD: The Pak­istan- In­ter­na­tional Mon­e­tary Fund (IMF) mis­sion talks on 8th re­view of the ex­tended fund fa­cil­ity (EFF) un­der­way in Dubai for the last one week have en­tered con­clu­sive phase. Fi­nance Min­is­ter Sen­a­tor Ishaq Dar joined talks with the IMF on Tues­day for dis­burse­ment of over $500 mil­lion worth of next in­stall­ment of the $6.2 bil­lion pro­gramme. Pak­istan has al­ready re­ceived over $4bn out of the $6.2bn pro­gramme which is to be con­cluded in 36 months by Septem­ber next year, a state­ment of the Min­istry of Fi­nance said on Thurs­day. Pak­istan is also now seek­ing con­ver­sion of quar­terly per­for­mance re­views into bian­nual assess­ments with a view to im­ple­ment­ing struc­tural re­forms, pri­mar­ily in the energy sec­tor. Dur­ing the course of dis­cus­sion, the Fi­nance Min­is­ter briefed the IMF team about cur­rent state of Pak­istan's econ­omy, mea­sures the gov­ern­ment has un­der­taken to broaden the tax net and en­hanc­ing tax to GDP ra­tio. He shared with the IMF team, the gov­ern­ment's fo­cus on the in­come sup­port pro­gramme. He also in­formed the IMF del­e­ga­tion about the gov­ern­ment's re­solve for set­tle­ment of TDPs and spe­cial al­lo­ca­tion made for the pur­pose in bud­get 2015-16. Har­ald Fin­ger is lead­ing the IMF team while Fi­nance Min­is­ter, Sen­a­tor Mo­ham­mad Ishaq Dar is head­ing the Pak­istani del­e­ga­tion at the talks.

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